New tax regime for sports betting among the changes
By Quirino Mancini, Partner at Tonucci & Partners
On 21 December 2015 Italy’s Chamber of Deputies approved the 2016 budget that among other things encompasses a profitbased tax regime on sports betting, higher tax rates on slot machines and video lottery terminals (‘VLTs’), a new licensing round and fresh advertising rules. The following paragraphs provide a few snapshots of the most relevant changes.
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